Magellans strategy centers on the development and
acquisition of stranded natural gas reserves. An important focus
will be on closing the gap between valuations of already proven,
world-class Australian Northwest Shelf reserves and the oil
indexed pricing available in the Pacific Basin. We will
emphasize projects there and in niche locations in Europe and
North America. We will continue with our drilling efforts
onshore in the U.K.

We intend, in due course, to significantly increase the size of
the Company. Our plan includes consolidation of undervalued
energy small cap equity on world exchanges, the sale
or swap of existing assets, the purchase or settlement of new
assets with cash, and added value by working on ideas with local
partners  Santos Ltd. and others to be developed. We
will carry out this growth plan with selective, but substantive,
new capital injection involving existing investor arrangements,
gas buyers, as well as other new entities and/ or through
project financing.

Our experienced energy team will be built and centered in
Portland, Maine and in Australia.

Our end goal is to become a unique, mid-level, natural gas
development Company. Our success will be correlated with that of
new, smaller scale gas development technology and with the
growth of natural gas demand worldwide  particularly
in Asia.